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AI Analysis of EML
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Eastern Company (The) stock downgraded to Sell Candidate
(Updated on May 02, 2024)

Sell candidate since May 02, 2024 PDF

The Eastern Company (The) stock price fell by -3.19% on the last day (Thursday, 2nd May 2024) from $31.98 to $30.96. During the last trading day the stock fluctuated 5.36% from a day low at $30.78 to a day high of $32.43. The price has risen in 7 of the last 10 days and is up by 5.34% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $457.16 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.72 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 38.52% during the next 3 months and, with a 90% probability hold a price between $42.55 and $53.47 at the end of this 3-month period.

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EML Signals & Forecast

There are few to no technical positive signals at the moment. The Eastern Company (The) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $31.81 and $31.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -9.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Eastern Company (The) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Eastern Company (The) stock

Eastern Company (The) finds support from accumulated volume at $30.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.65 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 3.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EML) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Eastern Company (The) to open at $31.39, and during the day (based on 14 day Average True Range), to move between $29.64 and $32.28, which gives a possible trading interval of +/-$1.32 (+/-4.25%) up or down from last closing price. If Eastern Company (The) takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $30.50 (1.49%) than the resistance at $32.01 (3.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eastern Company (The) stock A Buy?

The Eastern Company (The) stock holds several negative signals and despite the positive trend, we believe Eastern Company (The) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.547 Sell Candidate Downgraded

Predicted Opening Price for Eastern Company (The) of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$31.39 ( 1.39%) $30.96

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EML

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.04 6.72 %
R2 32.41 4.68 %
R1 32.02 3.42 %
Current price: 30.96
Support S1 30.76 -0.647 %
S2 30.37 -1.90 %
S3 29.74 -3.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.09 6.88 %
R2 32.68 5.56 %
R1 32.01 3.39 %
Current price 30.96
Support S1 30.50 -1.49%
S2 29.60 -4.39%
S3 29.38 -5.10%

EML Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 May 14, 2024 Jun 17, 2024 $0.110 0.355%
2 Feb 05, 2024 Feb 14, 2024 Mar 15, 2024 $0.110 0.386%
3 Oct 31, 2023 Nov 14, 2023 Dec 15, 2023 $0.110 0.482%
4 Aug 01, 2023 Aug 14, 2023 Sep 15, 2023 $0.110 0.592%
5 Apr 27, 2023 May 12, 2023 Jun 15, 2023 $0.110 0.579%

FAQ

What is the symbol for Eastern Company (The) Stock and on which exchange is it traded?
The symbol for Eastern Company (The) is EML and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eastern Company (The) Stock?
The Eastern Company (The) stock holds several negative signals and despite the positive trend, we believe Eastern Company (The) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Eastern Company (The) Stock?
Eastern Company (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eastern Company (The) Stock.

What's the current price of Eastern Company (The) Stock?
As of the end of day on the May 02, 2024, the price of an Eastern Company (The) (EML) share was $30.96.

What is the 52-week high and low for Eastern Company (The) Stock?
The 52-week high for Eastern Company (The) Stock is $35.78 and the 52-week low is $16.10.

What is the market capitalization of Eastern Company (The) Stock?
As of the May 02, 2024, the market capitalization of Eastern Company (The) is 192.204M.

When is the next earnings date for Eastern Company (The)?
The upcoming earnings date for Eastern Company (The) is May 14, 2024.
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About Eastern Company (The)

Eastern Company (The) The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tool... EML Profile

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